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6 Ways to Go Green in Your Home

6 Ways to Go Green in Your Home

Whether you’re shopping for a new home or just want to spruce up your old one, lowering your carbon footprint and making your home a little greener is a worthwhile investment. An eco-friendly house is more likely to attract buyers looking for real estate in Montrose, CO, and green upgrades will save you money on your utility bills for as long as you live there.

Try these green home improvements to make your home more environmentally friendly:

Solar Panel Image1. Cool the Roof

If you can have solar panels installed on your roof, go for it! You may be able to get most or all of your electricity from this renewable resource. Even if you can’t, upgrading your roof to a cooler one can help green up your house. Consider white or reflective “cool roof” coatings to lower your energy use by keeping the sun’s heat out.

2. Add Insulation

This isn’t one of the most exciting projects, because insulation is hidden in your walls and in your attic. However, proper air sealing and insulation can cut your heating and cooling bills in half. Best of all, you may even be eligible for rebates or subsidies for these green projects.

3. Replace the Windows

If your house has drafty old windows, replacing them will also provide serious savings on your utility bills. This project is a little more fun, since you can choose the color and style of your new windows to reflect your taste while buttoning up your home from the elements.

4. Cut Water WasteImage of a Shower Head

If your toilets and shower heads are older, they’re probably wasting water. New toilets use only 1.6 gallons per flush, compared to 2.5 gallons for ones built before 1992. In addition to replacing your toilet, try installing a low-flow shower head and sink aerators to save even more water.

5. Decorate With Found Objects

Few things are as satisfying as remodeling a room, but gutting your kitchen ends up sending a lot of material to the landfill. Try using salvaged wood, hardware and other materials from older homes that you can find in a salvage yard or resale store. These items can add real character while being completely environmentally friendly.

When you remodel with an eye towards using eco-friendly materials and making your home a more energy-efficient place, you’ll feel great about your project and know you’re doing the right thing for a more sustainable lifestyle.

Real Estate Questions? We’re Here to Help!

Diana Atha: 970-417-9374

Atha Team Montrose Colorado Keller Williams Real Estate ImageCopyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.

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Real Estate Statistics - Montrose Colorado MLS

August 2017 – Montrose Colorado Real Estate Market Update

Montrose Real Estate Market 2013-2017 Historical Recap

Atha Team Montrose Colorado Real Estate MarketThe Montrose Colorado real estate market has proven resilient with sustained growth trends over the last four years, not only in the number of home sold, but also in home value gains. Homeowners, once underwater in mortgages acquired during last housing peak, have been able to sell at a profit over the last few years. The equity gain over the past four years averaged close to 8% annually, while the number of homes selling per year experienced advances between 8% and 17%. This has truly been a phenomenal season in the Montrose housing market, especially when looking back since 2010 when the Montrose market bottomed out.

Atha Team Montrose Colorado Real Estate MarketA tapering in the market appears to be the theme of 2017, with equity gains down 4% relative to the same period last year. Also, the number of units sold is up only 1% from the same time period last year. Several factors may be contributing to this leveling out of market activity including: affordability, price gain sensitivity, and tight inventories. Years end should provide a better assessment of the 2017 housing market.

1. 2017 – Jan 1st – Aug 1st (YTD)

  • 425 Total Units Sold
    • 1% gain in units sold (from the same time period Jan 1st – Aug 1st 2016)
  • Median Sold Price: $215,000
    • Homes are selling 0.4% below asking price.
  • 2.3% Gain in Sale Price 2016 – 2017  (from the same time period Jan 1st – Aug 1st 2016)
    • Relative to:
      • 6.3% gain 2015 – 2016 (from the same time period Jan 1st – Aug 1st)
    • Evidence that the equity gain in the market (relative to the 7% gain per calendar year as seen in the previous recovery years) is possibly leveling out.

     

2. 2016 – Jan 1st – Dec 31st  (1-Calendar year)

  • 754 Total Units Sold
    • Up 8%, year-over-year, from 2015
    • 55% of total annual sales occurred between Jan 1st – Aug 1st 2016
  • Median Sold Price: $209,900
    • Homes sold 2.3% below asking price.
  • 7% Total annual equity gain/sale price gain year-over-year from 2015

 

3. 2015 – Jan 1st – Dec 31st  (1-Calendar year)

  • 693 Total Units Sold
    • Up 17%, year-over-year, from 2014
    • 57% of total annual sales occurred between Jan 1st – Aug 1st 2015
  • Median Sold Price: $194,900
    • Homes sold 2.3% below asking price.
  • 13% Total annual equity gain/sale price gain year-over-year from 2015

 

4. 2014 – Jan 1st – Dec 31st  (1-Calendar year)

  • 577 Total Units Sold
    • Up 17%, year-over-year, from 2015
  • Median Sold Price: $170,000
    • Homes sold 2.8% below asking price.
  • 3% Total annual equity gain/sale price gain year-over-year from 2014

 

5. 2013 – Jan 1st – Dec 31st  (1-Calendar year)

  • 563 Total Units Sold
  • Median Sold Price: $164,900
    • Homes sold 2.3% below asking price.
  • 9.3% Total annual equity gain/sale price gain year-over-year from 2012

Atha Team Montrose Colorado Real Estate Statistics Graph

 

Thinking about Buying or Selling? Call or Text: 970-417-9375

Atha Team Montrose Colorado Keller Williams Real Estate Image

 

Copyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.

Montrose Co Real Estate
Montrose CO Real Estate Blog

How Do Neighbors Affect Your Montrose CO Home Value?

How Do Neighbors Affect Your Home’s Value?

Montrose-coWhen you’re working hard to get your house on the Montrose CO real estate market, you’re well aware of the importance of curb appeal. Making your house look its best from the street by tidying up the yard and making sure that everything is in good repair is a no-brainer. And if you’re a buyer, you also know that what you see on that first glance makes a crucial impression that determines whether you’ll call for a showing or not.

Curb appeal isn’t just about your own house, though. It also takes into account the whole neighborhood, and your neighbors can have a big effect on your property value because of this. After all, you can’t “unsee” the peeling paint or pile of junk next door — and you can’t control it, which makes neighbors a particularly sticky problem when it comes to a home’s value.

The Good

Some neighbors are wonderful, and they can help to sell your house just by being there. People who take good care of their property by tending their lawns and keeping things tidy make your whole neighborhood more desirable. If you count a great local school or nearby transit as your neighbors, you may enjoy a boost to your property value, as these are highly sought-after features for many buyers.

The Bad

On the other hand, bad neighbors can bring down your property value by 5 to 10 percent. Bad neighbors are ones who don’t keep up their properties or create an unpleasant living situation with loud music, parties or even crime. If you’re stuck with a bad neighbor, you might be able to get some help by reporting illegal activity — or at the very least, sending a note asking them to clean up.

The Ugly

Some neighbors go well beyond just being messy or uncouth. If you live near several foreclosed or abandoned homes, or something undesirable like a landfill or power plant, your property values will be affected. Having a registered sex offender in the neighborhood can also bring down your home’s value. Unfortunately, there’s not much to be done about these neighbors.

If you’re interested in trying to improve your home’s value in Montrose CO, start by tending to your landscaping and the exterior of your house. You can also consider working with neighbors to clean up litter, host a block party and establish a play area that will attract future buyers to your street to join something that’s clearly very special.

Real Estate Questions? We’re Here to Help!

Diana Atha: 970-417-9374

Atha Team Montrose Colorado Keller Williams Real Estate ImageCopyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.

Montrose Co Real Estate
Montrose CO Real Estate Blog

July 2017 – Montrose Colorado Real Estate Market Update

High Octane Summer

The Montrose Colorado Real Estate market is still running on all cylinders this summer as housing inventory shortages prove to be the prevailing headwind for 2017. The median sale price in Montrose for last month was $216,000. The number of units sold was up 15% from the same time last year while the number of days on market was down 22%, a substantial reflection of just how heated the housing market has become. The majority of homes priced under $300,000 are going under contract within 2 weeks of listing. While this is music to the ears of sellers, buyers are in a conundrum regarding limited housing options.

Real Estate Price Range Activity in Montrose Colorado
  1. $150K – $299K (assuming current homes under contract close)
    • 37 homes selling per month
    • 3.9 month supply of inventory
  2. $300K – $399K (assuming current homes under contract close)
    • 11.7 homes selling per month
    • 3.4 month supply of inventory
  3. $400K – $499K (assuming current homes under contract close)
    • 3.7 homes selling per month
    • 12.3 month supply of inventory
  4. $500 – $600 (assuming current homes under contract close)
    • 3 homes selling per month
    • 11 month supply of inventory

 

National Market

montrose-real-estate-market-statsNationally, the real estate market is very similar to Montrose, reflecting extremely tight inventories and looming concerns surrounding affordability. The national median days on market dropped to just 27 days in May. New home construction is occurring, but in the higher price ranges where builders are attracted to potentially higher profit margins. The median sale price for new construction in May was at $345,800. This new build sale price is the highest seen since the metric has been recorded. The majority of new builds in Montrose involve baby boomers constructing or purchasing new homes, which at retirement age have nest eggs to invest in new housing rather than sift through existing inventory. (Buyers Fuel Market for New Homes)

 

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Thinking about Buying or Selling? Call or Text: 970-417-9375

Copyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.